HB21
Type: B Origin: House Kentucky Comments: 0

An Act Relating To Designation Of Income Tax Refund.

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This act relates to the designation of income tax refunds. It aims to allow taxpayers to designate a portion of their federal income tax refund for deposit into an account that can be used for emergency savings. The bill permits taxpayers to split their refunds, directing a specified amount into this emergency savings account. This measure encourages individuals to save for unexpected expenses and financial security.

Bill Activity

  • 2024-01-02: introduced in House

  • 2024-01-02: to Committee on Committees (H)

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